Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc
03 June 2024
 

FORM 8.5 (EPT/RI)

 

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Name of exempt principal trader:

Morgan Stanley & Co. International plc

(b) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each offeror/offeree

Barratt Developments plc

(c) Name of the party to the offer with which exempt principal trader is connected:

Barratt Developments Plc

(d) Date dealing undertaken:

31 May 2024

(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?

     If it is a cash offer or possible cash offer, state "N/A"

YES - Redrow plc

 

2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

 

The currency of all prices and other monetary amounts should be stated.

 

(a)        Purchases and sales

 

Class of relevant security

Purchases/ sales

 

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

10p ordinary

SALES

4,372,191

5.0700 GBP

4.9893 GBP

10p ordinary

PURCHASES

4,549,032

5.0760 GBP

5.0050 GBP

 

(b)        Cash-settled derivative transactions

 

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

10p ordinary

CFD

increasing a long position

7,037

5.0197 GBP

10p ordinary

CFD

increasing a long position

239

5.0259 GBP

10p ordinary

CFD

increasing a long position

4,520

5.0285 GBP

10p ordinary

CFD

increasing a long position

3

5.0320 GBP

10p ordinary

CFD

increasing a long position

6,084

5.0320 GBP

10p ordinary

CFD

increasing a long position

4,714

5.0320 GBP

10p ordinary

CFD

increasing a long position

1,383

5.0320 GBP

10p ordinary

CFD

increasing a long position

2,340

5.0320 GBP

10p ordinary

CFD

increasing a long position

16,783

5.0320 GBP

10p ordinary

CFD

increasing a long position

71

5.0320 GBP

10p ordinary

CFD

increasing a long position

11,800

5.0320 GBP

10p ordinary

CFD

increasing a long position

4,141

5.0330 GBP

10p ordinary

CFD

increasing a long position

232,300

5.0335 GBP

10p ordinary

CFD

increasing a long position

6,667

5.0350 GBP

10p ordinary

CFD

increasing a long position

677

5.0356 GBP

10p ordinary

CFD

increasing a long position

27,125

5.0382 GBP

10p ordinary

CFD

increasing a long position

2,176

5.0417 GBP

10p ordinary

CFD

increasing a long position

330

5.0458 GBP

10p ordinary

CFD

increasing a long position

177

5.0551 GBP

10p ordinary

CFD

increasing a short position

341

5.0196 GBP

10p ordinary

CFD

increasing a short position

13,520

5.0214 GBP

10p ordinary

CFD

increasing a short position

360

5.0217 GBP

10p ordinary

CFD

increasing a short position

1,414

5.0230 GBP

10p ordinary

CFD

increasing a short position

784

5.0250 GBP

10p ordinary

CFD

increasing a short position

97,642

5.0301 GBP

10p ordinary

CFD

increasing a short position

30

5.0311 GBP

10p ordinary

CFD

increasing a short position

30,838

5.0319 GBP

10p ordinary

CFD

increasing a short position

5,700

5.0320 GBP

10p ordinary

CFD

increasing a short position

4,066

5.0320 GBP

10p ordinary

CFD

increasing a short position

67

5.0320 GBP

10p ordinary

CFD

increasing a short position

3,140

5.0320 GBP

10p ordinary

CFD

increasing a short position

241,294

5.0320 GBP

10p ordinary

CFD

increasing a short position

105,677

5.0320 GBP

10p ordinary

CFD

increasing a short position

59,088

5.0321 GBP

10p ordinary

CFD

increasing a short position

62,907

5.0322 GBP

10p ordinary

CFD

increasing a short position

8,490

5.0324 GBP

10p ordinary

CFD

increasing a short position

3,868

5.0324 GBP

10p ordinary

CFD

increasing a short position

3,140

5.0332 GBP

10p ordinary

CFD

increasing a short position

3,509

5.0341 GBP

10p ordinary

CFD

increasing a short position

6,405

5.0359 GBP

10p ordinary

CFD

increasing a short position

3,120

5.0383 GBP

10p ordinary

CFD

increasing a short position

36,847

5.0409 GBP

10p ordinary

CFD

increasing a short position

5

5.0540 GBP

10p ordinary

CFD

increasing a short position

13,520

5.0665 GBP

10p ordinary

CFD

reducing a long position

331

5.0183 GBP

10p ordinary

CFD

reducing a long position

436

5.0203 GBP

10p ordinary

CFD

reducing a long position

2,566

5.0220 GBP

10p ordinary

CFD

reducing a long position

239

5.0250 GBP

10p ordinary

CFD

reducing a long position

4,141

5.0270 GBP

10p ordinary

CFD

reducing a long position

15,245

5.0319 GBP

10p ordinary

CFD

reducing a long position

600

5.0320 GBP

10p ordinary

CFD

reducing a long position

540

5.0320 GBP

10p ordinary

CFD

reducing a long position

61

5.0320 GBP

10p ordinary

CFD

reducing a long position

19,579

5.0320 GBP

10p ordinary

CFD

reducing a long position

4,194

5.0320 GBP

10p ordinary

CFD

reducing a long position

330

5.0320 GBP

10p ordinary

CFD

reducing a long position

3,107

5.0323 GBP

10p ordinary

CFD

reducing a long position

141,695

5.0326 GBP

10p ordinary

CFD

reducing a long position

11,244

5.0342 GBP

10p ordinary

CFD

reducing a long position

2,094

5.0409 GBP

10p ordinary

CFD

reducing a long position

16,353

5.0410 GBP

10p ordinary

CFD

reducing a long position

4,520

5.0415 GBP

10p ordinary

CFD

reducing a long position

4

5.0420 GBP

10p ordinary

CFD

reducing a long position

144

5.0640 GBP

10p ordinary

CFD

reducing a long position

1

5.0761 GBP

10p ordinary

CFD

reducing a short position

759

5.0260 GBP

10p ordinary

CFD

reducing a short position

132

5.0282 GBP

10p ordinary

CFD

reducing a short position

7,400

5.0294 GBP

10p ordinary

CFD

reducing a short position

1,500

5.0306 GBP

10p ordinary

CFD

reducing a short position

15,315

5.0316 GBP

10p ordinary

CFD

reducing a short position

5,700

5.0320 GBP

10p ordinary

CFD

reducing a short position

4,790

5.0320 GBP

10p ordinary

CFD

reducing a short position

4,204

5.0320 GBP

10p ordinary

CFD

reducing a short position

1

5.0320 GBP

10p ordinary

CFD

reducing a short position

236

5.0320 GBP

10p ordinary

CFD

reducing a short position

178,594

5.0322 GBP

10p ordinary

CFD

reducing a short position

19,763

5.0330 GBP

10p ordinary

CFD

reducing a short position

126,700

5.0336 GBP

10p ordinary

CFD

reducing a short position

6,067

5.0349 GBP

10p ordinary

CFD

reducing a short position

36,847

5.0350 GBP

10p ordinary

CFD

reducing a short position

10,466

5.0351 GBP

10p ordinary

CFD

reducing a short position

13,598

5.0360 GBP

10p ordinary

CFD

reducing a short position

494

5.0378 GBP

10p ordinary

CFD

reducing a short position

2,828

5.0382 GBP

10p ordinary

CFD

reducing a short position

352

5.0400 GBP

10p ordinary

CFD

reducing a short position

11,918

5.0405 GBP

10p ordinary

CFD

reducing a short position

462

5.0551 GBP

 

(c)        Stock-settled derivative transactions (including options)

 

(i)         Writing, selling, purchasing or varying

 

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

 

(ii)        Exercise

 

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

N/A

N/A

N/A

N/A

N/A

 

(d)        Other dealings (including subscribing for new securities)

 

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

N/A

N/A

N/A

N/A

 

3.         OTHER INFORMATION

 

(a)        Indemnity and other dealing arrangements

 

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

NONE

 

 

(b)        Agreements, arrangements or understandings relating to options or derivatives

 

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:

(i)  the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

NONE

 

 

 

Date of disclosure:

03 June 2024

Contact name:

Craig Horsley

Telephone number:

+44 141 245-7736

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. 

 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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